🇺🇸 WHY ONLINE AUCTIONS ARE THE SUPERIOR METHOD
The benefits of holding an Online Estate Auction vs. a Traditional In-Person Estate Sale are huge!
So much of a benefit to our clients we have changed our complete business model to 100% Online Auction after 7 years of holding solely In-Person Sales! After that amount of experience, we have learned a thing or two! Let’s explain:
First things first, what are the main differences between an ONLINE AUCTION VS. IN PERSON ESTATE SALE?
1) An Online Auction is where everything you have for sale is posted ONLINE for anyone in the UNITED STATES to see and to purchase VS. an In Person Estate Sale is where the public comes into your home and shops like a store. As you can see an Online Auction allows a potential of Millions of shoppers, where an In Personal Estate Sale is limited to things like: Who happens to be driving by that day, weather, other local events for example. (Very Limited!)
2) An Online Auction is showcased around the United States, allowing MUCH HIGHER (Generally 30%-50% HIGHER) prices VS. In Person Estate Sales. Online Auctions create a sense of urgency (Bid NOW or NEVER and SO MUCH COMPETITION TO WIN!) vs. In Person Estate Sales there is little urgency, and much negotiation lowering prices in order to liquidate everything.
3) Foot-Traffic inside your home: This is a HUGE ONE! During an In Person Estate Sale you need as many people to come into your home as possible, but what nobody talks about is how many people actually buy anything? It’s easy to have 300-600 people come through a home with an In Person Estate Sale… that’s a LOT of “foot traffic!” VS. during an Online Auction, the only people allowed into your home are the Auction Winners! This number is only a fraction the number! Winners sign in when they arrive, so we know exactly who is there, are personally escorted to their winnings. They have no reason to be wondering around your entire estate! ONLINE AUCTIONS = FAR LESS “FOOT-TRAFFIC!” Everything is Purchased Online, so no need to have the general public come into your home!
4) Transparency: Anyone can see in real-time an Online Auction. From when it starts to when it ends the prices instantly of each lot. This gives our Clients and their Heirs a front row seat to be able to watch day or night their sale. VS. at a In Personal Estate Sale, the only people that come into the home are unknown shoppers, some just there to look and no intention to buy anything! Also, when our Online Auctions are finalized, our Client receives a printout of what every “lot” sold for, when it sold, and to who! The transparency with an Online Auction is night and day compared to an In Person Estate Sale!
🇺🇸 By Choosing American Online Auction Company to hold your Online Auction, Our Clients can expect:
🇺🇸Higher Prices on nearly all items! (Generally 30-50% Higher than in-person Estate Sales!)
🇺🇸Online Auctions can be seen and bid on by anyone across the Country!
🇺🇸Far less foot-traffic inside your home!
🇺🇸A much wider audience (Nationwide Exposer!)
🇺🇸Even better transparency! Our clients, their heirs and family can all watch their Online Auction Live, and our clients receive a very detailed inventory of what each lot sold for!
So, if Online Auctions have been proven the “Way to go”, when and why would should a potential Client choose to have an In Person Estate Sale instead?
Hoarder Homes.
Estates of Heavy Smokers.
Estates that consist of mostly low value items.
When there is no time for another option! This is rare, but we have been aupproched by sellers that need things gone in about a week. A last second Estate Sale, generally called a “Pickers Sale”, where nothing is priced, and an Estate Sale Company may just negotiate prices on the spot.
🇺🇸 While we no longer hold In Person Estate Sales, due to the reasons outlined above, there may be times when a potential Client should or may need to go the In Person Estate Sale route! There are a couple local Estate Sale Companies that we can refer that do a great job, we will refer them if your sale isn’t right for an Online Auction.